Quarterly national accounts
Gross Domestic product up by 1.6%
- 2nd Quarter 2007
07 September 2007
In the 2nd quarter 2007, Gross Domestic Product grew 1.6% in real terms compared to the same period of the previous year, decelerating from the precedent quarter (2.0%). This deceleration was associated to a lower contribution to GDP growth of net external demand (0.5 percentage points (p.p.) in the 2nd quarter against 1.9 p.p. in the previous quarter). Diversely, mainly due to investment growth, domestic demand increased its contribution from 0.1 p.p. in the 1st quarter to 1.1 p.p. in the 2nd quarter. In terms of quarter on quarter rate of growth, GDP was up by 0.5% in 2nd quarter 2007.